Turkey seeks thousands of years jail time for missing crypto CEO

It said Thodex was responsible for about 90% of the total value lost globally to so-called rug pulls in 2021. — AP

A Turkish prosecutor is pursuing jail sentences totaling thousands of years for founders and executives of the Thodex cryptocurrency exchange, a year after it halted trading and its chief executive disappeared.

The indictment on Istanbul-based Thodex seeks sentences of up to 40,564 years for each of the 21 defendants, Demiroren News Agency reported Thursday.